Partial sale of Napier Port

New Zealand’s Hawke’s Bay Regional Council has announced it is to part with 45% of its currently 100% shareholding in Napier Port, pending a soon-to-be published final decision on pricing and market conditions.

Public consultation revealed the local community support a minority initial public offer (IPO), but also placed a high value on continued community ownership, said Hawke’s Bay Regional Council chairperson Rex Graham.


Consequently, all Hawke’s Bay residents – including local iwi – will be eligible for a guaranteed minimum allocation of shares, with a period set aside for locals to pre-register their interest prior to the offer officially opening. A priority offer will also be made to port staff.


Mr Graham said the pending IPO will contribute towards the “significant investment” required by the port to manage congestion and prepare for future growth – including a NZ$170-190m wharf, to be completed by 2022.

LATEST PRESS RELEASES

Taylor Machine Works, Inc. Introduces the Battery Electric ZLC Series

Taylor Machine Works, Inc. is proud to announce the release of the ZLC Series. Read more

Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from Martin Operating Partnership

Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from ... Read more

Crane with lifting cantilever for Dutch customer

Kuenz recently delivered a rail-mounted container crane to the Netherlands that features a lifting c... Read more

Taylor’s New Focus on International Markets

Taylor is proud to announce a new focus on the International markets for heavy industrial lift equip... Read more

Subsequent order for ShibataFenderTeam for Phase II of Aqaba Container Terminal, Jordan

The Aqaba Container Terminal (ACT) is the only container port in Jordan and the primary trade gatewa... Read more

Terminal Intermodale Venezia Goes Live with Navis N4 Terminal Operating System

Terminal Intermodale Venezia (TIV), part of Hili Company, has gone live with Navis N4 TOS. On Sunday... Read more

View all